In business, when a trend is forecast to grow by more than 3000% and generate cost savings of $7.3 billion globally over a five-year period, it gets noticed. Those numbers represent the projected growth of chatbot interactions among banking customers between 2019 to 2023 and the cost savings from 862 hours less of work by
Tag: Services
For younger generations, paper bills, loan forms and even cash might as well be in a museum. Smartphones in hand, their financial services largely take place online. The financial-technology companies that serve them are in a race to develop AI that can make sense of the vast amount of data the companies collect — both
The Cyprus Securities and Exchange Commission (CySEC) has continued to flag unauthorized financial service providers and published a fresh list of such platforms. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments. In its announcement on Friday, the
Representational image | Manisha Mondal | ThePrint Text Size: A- A+ Digital connectivity is oxygen for opportunity. The opportunities made possible to those who are connected are rapidly expanding as services across every sector are increasingly provided and consumed online. These include healthcare, education and financial services. Yet, the global COVID-19 pandemic
Artificial intelligence and machine learning are forging inroads in the financial services industry as firms recognize the benefits of automating key processes and making better use of existing data. As noted by Business Insider, 56 percent of banks have implemented AI in risk management, and 52 percent use these tools for revenue generation from new
Digital accessibility gains in importance as more customers move to online banking COVID-19 speeds industry’s move to digital, unwittingly leaving some consumers behind WOBURN, Mass., Sept. 8, 2021 /PRNewswire/ — Texthelp, a global leader in literacy and accessibility technology, today released a new industry report. Texthelp Logo (PRNewsfoto/Texthelp) The report, Accessibility in Financial Services: The